China Modern Dairy block trade raises $110m

Founding shareholders sell a 5.2% stake after the share price jumps 80% in three months, and investors are keen to buy.
China Mengniu Dairy bought a 26.9% stake in China Modern Dairy in May this year.
China Mengniu Dairy bought a 26.9% stake in China Modern Dairy in May this year.

A group of existing shareholders has raised HK$855.4 million ($110 million) from the sale of a 5.2% stake in Hong Kong-listed China Modern Dairy, taking advantage of the strong run-up in the share price in the past three months.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media